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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail residential properties
134 Main Ave, Zeeland, MI 49464-1736
Individually Owned
Free & Clear
Property ID
US43-2320204
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Total area
3,388 SF
Lot
0.06 ac (2,439 SF)
Zoning code
ON
APN
70-17-19-102-036
UPID
US43-2320204
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Frank's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$397k
Blend (final)
Blend
$510k
Owner & transaction history
Joel T Vander Zwaag
Joel T Vander Zwaag
since 2026
Last sale
$625,000
6 recorded transactions
Zoning & alternative use
ON · Zeeland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$500,000
+11.8%
Office building
$465,000
+3.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Zeeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zeeland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
RETAIL STORES
$500,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$465,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$375,000
Change: -17% · Conversion: Difficult
WAREHOUSE, STORAGE
$365,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $625k (Dec 23 2025)
Last sale anchor
$625k
Dec 23 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,856
Tax year 2022
Assessed value
$125,100
Assessed 2023
Previous assessed
$125,100
+0.0% YoY
Effective rate
3.08%
On assessed value
Total market value
$250,200
Applied tax rate
79.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
3,388 SF
Lot
0.06 ac (2,439 SF)
Zoning code
ON
APN
70-17-19-102-036
UPID
US43-2320204
Jurisdiction
OTTAWA
Zoning & alternative use
ON · Zeeland, MI
Zoning ON · permitted uses
ON · Zeeland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zeeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$450,000
RETAIL STORES
Est. value
$500,000
OFFICE BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$375,000
WAREHOUSE, STORAGE
Est. value
$365,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Joel T Vander Zwaag
Individual
Free & Clear · 0 yrs held
Mailing address
7027 112TH AVE, HOLLAND, MI 49424-9238
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
—
Joel T Vander Zwaag
6tvz Properties LLC
Quitclaim Deed
related
—
Dec 23, 2025
$625,000
Timothy Vander Zwaag
The Pat Dionise Trust
Warranty Deed
—
Dec 23, 2025
—
Timothy Vander Zwaag
6tvz Properties LLC
Deed
related
$422,500 · Greenstone Farm Credit Services Flca
Oct 2, 2025
—
6tvz Properties LLC
Caleb Vander Zwaag
Deed
related
—
Feb 12, 2024
—
6tvz Properties LLC
Pat Dionise Trust
Land Contract
—
Apr 24, 2017
—
Patricia M Dionise
Patricia M Dionise
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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